debt so this amendment is clearly not designed to give them that authority, but to grant them additional authorityin contracting new debt. It does not change the cap on maximum debt which remains at $750 million but thisamendment will allow them to contract new State debt without first repaying the old debt which is requirednow, and I think it is good policy to pay off the old debt before acquiring new debt. I agree that it could becomea perpetual line of credit for the State which I am solidly against. A portion of the Alabama Constitution waswritten expressly to prevent perpetual lines of credit on the people's name for politicians. I based my estimate of $600 million of current debt on information given to me by a local legislator, there is no list I could find whichdetails all the current bonds issued and their amounts. The Fitch Ratings document lists only some of them if thelegislator's estimate is to be believed. I think it is important to know that the recent approval of the September 18 Amendment is widely seen by ratings agencies as a credit negative. This could cause the interest rates we arecharged on our debt to go up. I found out more about our State's debt on the websites of other Stategovernments than anything provided by our own websites which is disturbing. Some legislators, such has StateRep. Wes Long, would have us believe this matter is as simple as taking out a second home mortgage (which inand of itself is no simple matter). This is misinformation. However, to take their logic, which one of thesemakes more sense...taking out a second mortgage to get lower interest rates? Or paying off the first one as soonas possible and thereby saving money on future interest charges? I agree wholeheartedly with the MostHonorable George Washington on this one. I bet financial guru Dave Ramsey would agree with both of us.
will prevent the forced annexation of the Stockton Landmark District into any adjoiningmunicipalities in Baldwin County. The amendment would require the approval of area residents beforeannexation could take place in the future.
What I used:
Alabama Constitution (1901), annotated copy.
My two cents...
I am voting YES. I normally abstain on statewide amendments with purely local implications.There are times though when local amendments can affect other areas as well. While this is not one of thoseinstances, I am an ardent supporter of local folks deciding their own fates and not being forced annexed intosurrounding municipalities seeking to increase their own tax bases.
removes racial language in the Education Article of the Alabama Constitution [Art. XIV,§ 256-270 and related amendments], which remains from the Jim Crow era. It will also remove references to poll taxes, which have been ruled unconstitutional by the courts.A prior attempt to revise this article failed, but the controversial language has since been removed.
What I used:
My two cents...
I am voting YES.
Since the controversial language has been removed, I see no point in opposingthe amendment. It should have no real effect but to remove divisive language, which I believe is a good thing.
aims to dissolve the water works and sewer board of the City of Prichard and transfer its